In Economics, a Nonrival Good Is One That

question 93

Multiple Choice

In economics, a nonrival good is one that:

• A) cannot be consumed by more than one person at a time.
• B) can be consumed by more than one person at a time.
• C) can be consumed by more than one person at a time but is congested.
• D) cannot be consumed by more than two people at a time.
• E) None of these answers is correct.

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Definitions:

Aligning Goals

The process of ensuring that individual objectives and actions are in line with the overall strategic direction of an organization.

Desired Outcomes

The specific results or goals that an individual or organization aims to achieve from its actions or strategies.

Objectives

Specific, measurable goals that are intended to be achieved within a certain timeframe.

Planning Improves

suggests that the process of making detailed plans enhances the likelihood of achieving goals and attaining success.